If Africa does not rapidly close its technological gap, the 125 billion barrels of oil contained in its subsoil could become “stranded assets,” meaning resources with no exploitable economic value. The warning comes from the Petroleum Training Institute (PTI), a Nigerian public institution specializing in technical and professional training in the oil and gas sector.
On October 20, PTI Director Samuel Onoji said these resources risk losing their economic value as the world accelerates its transition to low-carbon energy. According to him, the challenge is no longer the volume of crude available but Africa’s ability to extract it cleanly, efficiently, and at a competitive cost. Without this, the reserves could remain untapped.
This warning comes as Africa, despite its vast oil reserves, still relies heavily on foreign companies for exploration, production, and refining. Technical institutes like PTI lack sufficient investment to train enough engineers capable of developing low-emission extraction and processing technologies.
Citing Ghana as an example, a study published in February 2025 in Humanities and Social Sciences Communications (Nature Group) found that local content policies in the oil sector have yet to result in meaningful technology transfers. The authors noted that “there is little concrete evidence showing how skill and technology needs are effectively addressed,” echoing PTI’s concern about the continent’s persistent technological dependence.
This dependency increases Africa’s vulnerability as global investment in fossil fuels declines and multinational firms redirect capital to more profitable regions. The Climate Action Tracker already warned in 2022 about the risk of stranded fossil assets in Africa.
In a June interview with Anadolu Agency, Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organization (APPO), warned that African producers risk being gradually excluded from global markets if they fail to reduce emissions or make use of associated gas.
To avoid this outcome, experts are calling for a surge in local innovation. They recommend strengthening African petroleum research centers, creating regional synergies among countries such as Nigeria, Angola, and Gabon, and integrating digital technologies into production operations.
Abdel-Latif Boureima
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
BOAD plans 750 billion CFA francs financing for Burkina Faso Funds to support key sectors and Rel...
Yassir moves into media distribution in France with the acquisition of Paris-based adtech firm Kaw...
The International Monetary Fund (IMF) held a three-day training session for economic journalists in Kinshasa from March 17 to 19, 2026, in collaboration...
IMF approves reviews of Seychelles’ reform programs, unlocking $45 million Total disbursements since 2023 to reach about $105.1...
World Bank approves $135 million to support Senegal’s health system reforms. The Naatangue 2030 program targets maternal, child, and adolescent...
Domestic debt now accounts for the majority of public borrowing in sub-Saharan Africa Shift reduces exposure to currency shocks but raises costs and...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...